HSH performs major impairments on shipping
HSH Nordbank doubled its profit in the first half of the year as the size of the bank's deferrals on loans to shipping declined, according to the bank's 2nd quarter interim report.
BY LOUISE VOGDRUP-SCHMIDT
The world's largest shipping bank, German HSH Nordbank, has been and is still struggling with its major exposure to the shipping industry. Loans to German shipping, in particular, are weighing the bank down.
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